Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 45,862 shares of the financial services provider’s stock after selling 783 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Apollo Global Management were worth $5,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. QRG Capital Management Inc. raised its holdings in shares of Apollo Global Management by 6.7% during the third quarter. QRG Capital Management Inc. now owns 25,147 shares of the financial services provider’s stock valued at $3,141,000 after buying an additional 1,585 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Apollo Global Management by 1.9% during the third quarter. Asset Management One Co. Ltd. now owns 146,941 shares of the financial services provider’s stock valued at $18,354,000 after buying an additional 2,773 shares during the last quarter. National Pension Service raised its holdings in shares of Apollo Global Management by 10.3% during the third quarter. National Pension Service now owns 566,529 shares of the financial services provider’s stock valued at $70,765,000 after buying an additional 52,888 shares during the last quarter. First National Bank Sioux Falls raised its holdings in shares of Apollo Global Management by 0.4% during the third quarter. First National Bank Sioux Falls now owns 28,767 shares of the financial services provider’s stock valued at $3,593,000 after buying an additional 119 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new stake in Apollo Global Management during the third quarter worth approximately $625,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 1.1 %

NYSE APO opened at $139.43 on Tuesday. Apollo Global Management, Inc. has a 1-year low of $82.30 and a 1-year high of $147.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $79.41 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59. The firm’s fifty day simple moving average is $127.94 and its 200-day simple moving average is $119.24.

Analyst Ratings Changes

Several research firms have issued reports on APO. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Evercore ISI lifted their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group lifted their price target on shares of Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $139.56.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.